Left-side view of the cab and part of the body of a District of Columbia Fire and Emergency Medical Services Department fire ladder truck.
CHICAGO — The Office of the State Fire Marshal and the Illinois Finance Authority announce the launch of the Fire Truck Revolving Loan Program application period.
This year, $14 million in loans are being made available through the Fire Truck Revolving Loan Program to be used by fire departments to fund the purchase of firetrucks and brush trucks. The application period will run from Oct. 15 to Dec. 12.
“These loans can help departments across the state get newer, more reliable equipment than they are currently using,” State Fire Marshal Larry Matkaitis said.
The program provides zero percent or low-interest loans up to $350,000 toward the purchase of fire trucks or brush trucks, and loans must be repaid within 20 years. Fire departments, fire protection districts, and township fire departments that are units of local government are all eligible for these loans.
This summer Gov. Pat Quinn signed legislation increasing the cap on loans through the Fire Truck Revolving Loan Program from $250,000 to $350,000. The newly increased loan cap allows fire departments to buy newer, more advanced vehicles.
In 2012, the Office of the State Fire Marshal awarded $4.2 million to 19 recipients through the Fire Truck Revolving Loan Program. This year, the OSFM anticipates that increased funding and a newly increased loan cap will allow many more departments to fund the purchase of newer fire trucks and brush trucks, and in turn, provide more effective service to their local districts.
For information about the program visit www.sfm.illinois.gov/fireservice/FireTruckLoanProgram.aspx.